Wednesday, August 27, 2008

6:12AM PDST

Things are just moving too fast this morning to post charts and comments, so I defer to the charts. Very frantic market this morning with oil up Euro moving down right now dollar still down from its highs but nowt collapsing, as it should. gold has been trading sideways after the morning sell off, but is now starting to climb, back up 50% of the sell off move so far, but these moves are very hesitant. Bursts of volume that then fade, making you think it is a fake out. However, yesterday's strong move shows me that there is big money now looking to jump in at quiet moments at a low price. This will probably be the new trading pattern from here on until it gets positively crazy with swings up and down of $50-$100 in seconds. Get ready for a wild ride into the economic collapse which is very near.